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AveGali [126]
3 years ago
5

Diana decided to spend $140 on a pair of new Adidas™ running shoes. She also considered Nike™ and Asics™ shoes. The Nike™ shoes

were her second choice. The opportunity cost of Diana's decision to buy the Adidas™ shoes was _____
Business
1 answer:
marta [7]3 years ago
4 0

Answer:

<u>Not buying the Asics or the Nike shoes</u>.

Explanation:

Opportunity cost is an economic expression that refers to alternative buying opportunity decisions that have been waived for another opportunity to apply economic resources to be completed. What influences the opportunity cost is the desire for the acquisition, in the case of Diana she had first choice to buy Adidas shoes, followed by Nike and Asics that could cost a lower amount than she paid in the chosen tennis, but not they had the same added benefits that Diana expected when choosing a good as a first call option.

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Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on Se
My name is Ann [436]

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

6 0
3 years ago
A business will usually choose to produce a new product inan existing facility if the cost is less that the cost of building a n
coldgirl [10]

Answer:

E) existing factory has enough capacity to handle demand for the new products as well as the existing products.

Explanation:

If the existing factory doesn't have enough capacity to produce both the new product and existing ones, then if doesn't matter if the technology used is the same, or the new product is an extension of an existing product line, or existing human resources possess the abilities and knowledge required, or even if the product design is already complete or not.

If the factory's production capacity cannot handle the new product, then the company needs to expand the existing factory's production capacity or build a new facility.

4 0
3 years ago
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely
MaRussiya [10]

Answer: Wholesaler

Explanation:

Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.

A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers

Here, Television Haven is a whilesaler while the department store is a retailer.

5 0
3 years ago
If fixed costs increased and variable costs per unit decreased, the break-even point would_______________.
Aleksandr-060686 [28]

Answer:

The correct option is D,cannot be determined from the data provided

Explanation:

Break-even points in units=fixed costs/contribution margin per unit

Contribution margin per unit =selling price -variable cost

In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.

The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.

5 0
4 years ago
How is the idea of "strategic intent" different from models of strategy that emphasize achieving a fit between the firm’s strate
Irina18 [472]

Answer & Explanation:

In terms of completion of goals, the key difference between strategic aim and SWOT is the time-frame.  

In this case, the strategic goal is future-oriented and long-term (around 10-20 years). The strategic goal is simply to make sure that the whole enterprise, in order to meet potential business demand, works on forecasting consumer demand in the future, reinforcing and enhancing its core competences.

On the other side, in implementing the corporate goals and achieving success, SWOT has a short-term outlook. In this context, SWOT focuses on current data and knowledge, such as specific expertise, current business demand and satisfying this need.

5 0
3 years ago
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